Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

416 N Questa Trail Casa Grande, AZ 85194

3 Beds 3 Baths 1,911 sqft Built 2016

$350,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $183.15
  • 2 Days on Market
  • MLS # : 6157224
  • Updated Date : 11/07/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,911 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

This gorgeous home is better than new! Stunning pavered courtyard leads you into a home filled with light & upgrades. Situated on a lot backing to open/ green space! Open concept floor plan- Gorgeous kitchen & floors! Upgrades include bay window in master bedroom & the extended finished patio w/outdoor kitchen & patio shade structure( over $18k), upgraded kitchen cabinets w/ rollout drawers, matching cabinetry in Laundry room, upgraded flooring and baseboards (over$8000 !). You will love the custom touches: Shutters, pendant lights, chandelier, Culligan water softener & drinking water system, Ring Doorbell & Security Camera. Home also features the activTek INDUCT 2000 which uses technology to substantially reduce odors, visible smoke in the air and treat surface contaminants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mission Royale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k308k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Mission Royale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Palo Verde Elementary School Primary Regular 465 22 4
Casa Grande Middle School Middle Regular 606 32 2
Vista Grande High Regular 1,907 68 3

Palo Verde Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 22
4
GreatSchools Rating

Casa Grande Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 32
2
GreatSchools Rating

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,291
Property Tax -$289
Property Insurance -$64
HOA -$37
Property Management Fees -$99
CASH FLOW
-$241

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$350,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,974

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,540

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,784

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5404$1,749
$1,749
RENT COMPS ANALYSIS
  • 416 N Questa Trail Casa Grande, AZ 3
    • 3 beds 3 baths ∙ 1,911 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,911 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.81
    •  
  • 2391 E San Miguel Drive Casa Grande, AZ 1
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2019
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 2377 E San Gabriel Trail Casa Grande, AZ 2
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 2007
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 2395 E Alida Trail Casa Grande, AZ 4
    • 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 2020
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.02
    •  
PROPERTY LISTING DETAILS
Annette E. Holmes
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157224
Last Updated: 11/07/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy